Which of the following groups of economists believe that cost-push inflation is impossible in the long run without excessive monetary growth?
A)mainstream economists and monetarists
B)mainstream economists and rational expectations economists
C)monetarists and rational expectations economists
D)mainstream economists, monetarists, and rational expectations economists

Question

Quizplus · Accepted Answer

Monetarists and rational expectations economists believe that inflation is primarily a monetary phenomenon and that cost-push inflation cannot persist in the long run without excessive monetary growth.

Which of the Following Groups of Economists Believe That Cost-Push